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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals) -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (1725)5/23/1998 6:41:00 PM
From: George Burdell  Read Replies (2) | Respond to of 1757
 
GB

If the warrants are recalled when $2.50 is sustained, they are already more profitable than the preferred. Since the price has to be sustained, there should be enough time to scrounge up enough free cash to convert, even if it means selling 20% of the warrants to get it. If I had my druthers, I'd find the cash elsewhere and convert all warrants.

But time value of money and all, I'm not coughing up that .50 any sooner than I need to!

GB